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LONG v. BD. OF GOVERNORS OF FEDERAL RESERVE SYSTEM

No. 96-9526.

117 F.3d 1145 (1997)

W.C. LONG, Jr., Petitioner, v. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, Respondent.

United States Court of Appeals, Tenth Circuit.

June 30, 1997.

Attorney(s) appearing for the Case

Kenneth C. Bass III (Ronald R. Glancz and Juliana Schulte O'Reilly with him on the briefs) of Venable, Baetjer, Howard & Civiletti, LLP, Washington, DC, for Petitioner.

Douglas B. Jordan (James V. Mattingly, Jr., General Counsel; Richard M. Ashton, Associate General Counsel; Katherine H. Wheatley, Associate General Counsel, with him on the brief), Washington, DC, for Respondent.

Before PORFILIO, ANDERSON and BRORBY, Circuit Judges.

BRORBY, Circuit Judge.

Appellant W.C. Long, Jr. appeals the entry of a $717,941 civil penalty entered against him by the Board of Governors of the Federal Reserve System ("the Board"). We exercise jurisdiction over Mr. Long's appeal pursuant to 12 U.S.C. §§ 1818(h)(2) and 1848 (1994), and we affirm.

I. FACTUAL AND PROCEDURAL BACKGROUND

Mr. Long has been engaged in the business of banking since 1955. In 1978, Mr. Long purchased all the stock...

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